 presentation of TFNN. The Tom O'Brien show is produced every business day. Tom takes your phone calls toll free at 1-877-927-6648 internationally at 727-873-7618. Let's go to Alan Homasa. Hey Al, what's going on? Isn't it wonderful, this gentleman here with the gold leaflet right before the market fell apart ended up with PAAS. We have a 98% gain in the year and I mean you want 99% proof like I was with you but we had a good game there. You always told us to do what we feel comfortable with and if I lose a little bit of money on the table I will, but I know that I just pocketed $8,000 or $9,000 in two weeks. That's a beautiful thing man. Now Tom O'Brien, welcome folks it is in fact Jacob Shoup again sitting in for Tom O'Brien. He's right under the weather today but he'll be alright. So the S&P 500, we have up about five points. The Dow Jones up about 13, NASDAQ down about five today. Let's see here the ES is trading right at 4500, the futures there, the Russell Futures at 1858, NQs at 1539 and then the Dow Futures at 34950 and always changing. Gold contract trading at 1953. We have some upward pressure with the gold contract as some of the deflation fears in China were kind of dissipating, silver at 2348 and that essentially brought some upward pressure into the gold market. Then we have the copper contract trading at 377. Now Light Street crude oil futures trading at 9159, the Brent at 9438, Tesla 26591, steel dynamics cracking its consolidation on some kind of substantial volume actually at 98 bucks. So stand to see what happens there. If we could have rejected that with light volume and really move to the top of its consolidation, I think that would have been a beauty. We'll see what happens for a few months now since basically in June it really hasn't cracked that consolidation level, the $100 mark with any substantial volume. It's kissed it a little bit but it's come right back and it's the first time we've really broken down past it with some volume. So not a great look for steel dynamics as it stands now. The dollar at 10517, the Qs 370, Google trading 139, Meta 301, Disney doing a little bit better, right? Come back from that 79 area and we are trading currently at 8526, Raymond James put out a good analysis of them saying that streaming probably had positive revenue. So currently they're doing a $1 subscription for streaming to try to get people onto their service. And then Apple at 17867, okay, so what are we looking at right now? I want to look at Nova Nordisk, they have some interesting stuff going on. Starting this year we're coming about at 137 level, 138, their stock shot all the way up to 276, and this gap up was on substantial volume. And this is from Ozenpik, which is one of their drugs for obesity and same with Govee, obviously the Americans love this. And Nova Nordisk is actually massive, it's Europe's second most valuable company but this company itself is single-handedly carrying the economy of Denmark, it's very fascinating. It works GDP from this group 1.7% in the first half of this year, but might have contracted if it weren't for the company. And Nova Nordisk share prices up over 40% this year as of Friday's close, taking its market capitalization to 2.6 trillion, that's in Danish Kroner and that's 379 billion in USD. This is again from Ozenpik and Govee, some other companies as well who have obesity drugs that are promising and it's sending their stocks skyrocketing, so now what's happening with it? Well, today you can see it's down about 2% and the FDA has reportedly found objectionable conditions at a Kiwa Govee plant. Now in the short term that's bad, and we'll read a little bit on this article, now there's nothing wrong with the drugs themselves and their concept, but still this FDA report is not great for them and we might finish down probably about 2% today. The volume honestly was not substantial for this and this is much more of a running headline, but it's going to keep in mind as well if you're holding Nova Nordisk and you're not really sure what the dive is for. So according to Reuters, which said in a market-wired news report, the FDA inspectors filed a Form 483 following their inspection of Nova Nordisk Clayton, North Carolina manufacturing plant. That form lists any conditions the inspector found that could violate the FDA, excuse me, the Food and Drug Cosmetic Act and related acts. Nova List Clayton plant is one of three between Clayton and Durham responsible for making the diabetes and weight loss drugs and that is Govee and Ozympic respectively like Somalgotude. So for instance, Somalgotude sells as injections and this is Ozympic and Govee and as an oral medicine called Ryobelsus, Ozympic and Ryobelsus treat diabetes while Govee is an increasingly popular weight loss drug. The inspection isn't listed on the FDA's inspection database, but the agency notes that not all inspections are included in the database. For example, inspections waiting for a final enforcement action are not listed. The FDA generally does not discuss possible completed inspections except with a company involved. Nova Nordisk spokeswoman said that the company does not publicly share details. So that's why they dropped a little bit today. I don't think this is going to be a permanent issue for them whatsoever. Their drugs are still in a very high demand and as the rest of the world continues to modernize and obesity becomes a bigger risk for them, you know, you think in China and even Mexico as well. I think Mexico is the most obese nation. These kind of drugs will be exceedingly popular. Next on the list, I want to talk a little bit about Nicola, maybe one second here. I think their ticker is NKLA. So they had a huge pump up today. Yes, it did. I clicked the wrong thing. Give me a second. Anyways, they have a new COO and this shot the stock up pretty substantially. And we'll talk about that. They're up 33 percent today. Now, famously, this company got shot down. Their founder and former CEO essentially lied about nearly all, excuse me, all aspects of the business and was charged with two counts of securities fraud. And that was from a United States grant, excuse me, federal grant jury. This really sent the company down quite a bit. There was a lot of hype surrounding this company as a competitor for Tesla and it didn't shake out that way. They have some other interesting news as well before we get to the COO. The CEO has come out and said they see their first hydrogen fuel cell trucks being delivered by the end of the month, which is pretty impressive. Now, they did also have a essentially a battery recall, but he doesn't think that that's going to really impact the company. One second. We'll get this article back when we return. We actually have Steve Rhodes back as well. He's, you know, Mr. Global, and he's going to tell us a little bit about his trip and go through some stocks he's looking at. So, folks, stay tuned. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks and options. 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We have on the line Mr. Steve Rhodes. Steve, are you there? Hey, Jacob, how you doing today? Doing all right. How was your trip? I've been thinking about it. The trip was great, but you know what, I want to first do, because you were talking about Novo Nordisk and Osempic, specifically, and I have personal experience with that drug. And it's really kind of apropos for today, because I had just gotten back from my primary care physician. I get my blood work done every 90 days. And so this goes back. So Dave White passed away basically 60 days ago to the day, almost. And so I start my show and I do my show. As you know, I say everything in life happens for us, not to us. The difficult for me at that time is when we lose somebody like that, it's trying to figure out how that possibly happened for us. But about a week before Dave's passing, so I was on Osempic for a couple of years. And when the drug started getting so popular, people were using it instead of for diabetes, so I was pre-diabetic. And they were using it for weight loss. It became very difficult to actually get the drug. So I was off of it for a couple of months. Now, I appreciated being off of it quite frankly, because every time, every week that you took that drug, you were pretty much somewhat nauseous for at least four or five, if not the full seven-day treatment. So it was really uncomfortable, at least for me. In any event, the drug came back in stock. And I took one-fourth of the normal dosage, knowing that I had been off of it for a couple of months. But I never had any kind of, other than the nausea feeling, I never had any bad reactions. However, in this instance here, this is about a week before Dave passed away, I got violently ill. More ill than ever. And it was as if it was the first time where I was saying to myself, I've been poisoned. I mean, that was what the feeling was. So the commitment that I made to myself was to get off of that drug. In fact, after Dave's passing, my commitment was to get off of every single drug. And I did that. But you've got to do something in replacement for that. And what I did was I went on intermittent fasting. It's now just a staple program in my life, except when I'm traveling, unfortunately. And so I got it down to one meal day. Here's the snapshot. Today, my A1C reading is lower than it ever was, even when I was on that drug. I am no longer diabetic. I used to use diabetic retinopathy in my eyes. That's gone. The doctor said, don't come back. I said, well, I've got to come back at least to make sure. And you know, have you check it out. But all of my, all of, I'm on no drugs, no medication whatsoever. And the point that I really want to make here is the only change that I made in my life was I went to intermittent fasting, which at first I went to two meals a day. And then I eventually got to one meal a day, lost a bunch of weight. But the more important thing was on the health side. So for all those people that are out there, I've done it all. I mean, I was on Osempic. I was on Metformin. I was on Farsiga, all these things out here. We don't, I personally, I'm not, you know, everybody's got to do what they, what's right for them. But I will just simply share with you in six months, in 60, six months time, not 60 days, in six months time, day pass away, March 15, 16, out there. I am free of any drugs, anything. All I take now is this vitamin D just to keep that up. So I just wanted to throw that out there since you were talking about it. Yeah, fantastic. Because, you know, because it's a, I know why people are using it, but there are a whole lot better ways to improve your health. And although from a intermittent fasting, and really quite frankly, from an intermittent fasting standpoint, it's one of the ways to get rid of that spike protein, whether you've had, whether you've had a COVID or whether it was the injection, you know, from a, from a, from a shock or what have you. And it's really important to get rid of that spike protein in your body. And so this is one of the ways to do that. So I just wanted to throw that out there since you were talking about it. Sure. And a lot of people take it. And I'm telling you, there is a much better way out there. At least there's a much better, there was a much better way for me. And I had all kinds of nasty things going on. And now everything is just as, as good as can be, better than can be. I mean, the A1C level continues to drop. So it's amazing what we can do with regard to food. Now, that one meal a day, Jacob, it doesn't include sugar. Right. So you pretty much eliminate one poison in your life, sugar, you can pretty much get rid of a ton of stuff out there. So I recommend that people try that before they go hog wild into Osepik. I'm not a doctor, but I can share with people my exact experience and what is transpired. Now, really after the first 90 days of not being on any medication, everything had really improved. Quite frankly, my doctors are saying, well, but you really should take this or really you should take that. And I said, I'm not doing that. I made this commitment to get off of all medication and to see what would happen by going to intermittent fasting. So I wanted to just simply throw that out there for folks. Well, thanks for sharing that story, Steve. That's awesome. I know there's a lot of benefits of intermittent fasting as well. So that's fantastic. Yeah, it's really, it's extraordinary. And you know, first you read about it, I bought books, you know, that talked about it and what to do. And you have to kind of personalize it for yourself. You got to figure out when it is you're going to eat, so to speak. And that doesn't mean I don't occasionally throw down a snack of a handful of pistachios or some cashews or something like that. But for the most part, it's down to, you know, a couple hours of eating a day. And it turns out you don't actually need as much sleep once you do that because your body, you know, overnight is kind of when it's going through that process. And if it doesn't have to digest a whole lot of food, you end up waking up refreshed, so to speak out there. So I just throw that out there for people. It's a real world experience out there. And I was on all those types of drugs and medication, whether it was high blood pressure, hypertension, whether it was diabetes, whether it was heart stuff, you name it. So in any event, I just kind of throw that out there. With regard to the trip, you were talking about obesity in countries, you know, go over to Japan. You don't see too many obese people over there. In fact, the ones that you do see that are obese are probably not living in the country. So it's also kind of, so they have a, you know, they look pretty healthy, all the folks over there. And the trip was great. It's a most friendly group of people, country-wise, that you can ever run into. Now, I'm sort of a neat freak. You know, if you were to walk in my closet, you know, almost looks like you're in a retail store. Sure. Just the way everything is laid out. Or you open one of my drawers, you know, if I pass away and somebody opens up my drawer, they're not going to think I'm a slob. So, you know, and I do believe the way you do anything is the way you do everything. You get over to Japan. So here's the interesting thing. After 9-11, what they did was they got rid of all the trash cans in the streets. And the reason they did that was because they were worried that people would use that for a bomb or something. So they got rid of all the trash. You don't see a lick of trash anywhere. I've heard this about Japan. I mean, it is substantially cleaner. Even in their massive, you know, cities, it's clean. I'm talking Tokyo. Right. How many millions of people, you don't see any trash. The first morning that we got there, we got maybe a few hours of sleep and we wanted to go to the fish auction. And the fish auction opens at like 5.30 in the morning. We didn't get there at 5.30, but not too late after that. And we're walking to the fish auction and literally we're outside underneath a covering, walking up a walkway. And we see this guy literally like pushing him up down this, I mean, where we couldn't see any dirt. Right. You know, that's like our first experience was just how clean everything is. When you hop into a cab, now it's not as much easy. 15 years ago, it used to be consistent. You'd hop into a cab. The drivers are wearing white gloves. I'd say 50% of them still do. There'd be white doilies all over the seats. You're not going to see an amazing, you know, a cleaner cab. Take that compared to we get home, we get in late Thursday night. Right. We hop in a cab to get home. It's the dirtiest thing we've ever seen. We're just praying that this thing is going to make it all the way to our house. So I know we just ran out of a segment here, but if you want me to, I can stay on. Yes. I want to hear some of the insights of what you're looking into. And that was the whole thing was fascinating. So, okay, sounds great. Awesome. Folks, stay tuned. We'll be right back with Steve Rhodes. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing it number two for the year, an amazing accomplishment. 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When you join our community of traders in the Tigers Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tigers Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Welcome back folks. Before we get back to Steve Rhodes because he's on here, I wanted to show you on TFNN.com. You come here, you go to newsletters. We will run all the way down to mastering probability. And again, I see a lot of these newsletters. I just want to see what everyone's thinking about. This is fantastic. You get access to any of his webinars. You go here and you hit that subscribe button. And it is $149 for one month. If you're a first-time subscriber, for whatever reason, you don't like it. Again, I don't see why you wouldn't like it. It's fantastic. But it is a 30-day money-back guarantee. So go give it a shot. Steve, are you with us? Yeah, yeah, yeah. So what I wanted to talk about today was really just looking at the markets and what's on fire. What's been on fire for a little while here has been gold. That gold, the Lightsweep crew, Black Texas T, WTI. So what I have up on our screen right now, Jacob, is a five-year seasonal chart. So I use a tool that's produced by the folks over at Season X, which is really great because it's for so many instruments where you can see over whatever period of time that you select what the average seasonal cycle is. So we're going to go through a few of these for WTI. So this is the five-year cycle. And right now, that red vertical line shows you where we're at today. Now, what this chart shows us over the last five years is that a low takes place in the April timeframe. So you go over here to the left. You can see between April and May. You typically see a low. And then you see a high that comes in towards the middle of October. So about another couple of weeks from now. So that's what the five-year chart pattern analog looks like. When we compare that to what's actually taken place in 2023, you'll see I've got a little green arrow here. That's the low that we saw on May 4th, 2023. So typically the seasonal pattern, I'll go back to it. You get a low in April. Well, I'm going to say that May 4th. And we use this more as a guideline versus an exact to the date timeframe, Jacob. So I would say that at this stage here, the five-year is the five-year seasonal cycle seems to be in sync with what we've seen so far, which is a low in May. And perhaps we're going to see a high in October. Now, that was five years. If we take a look at a ten-year timeframe, the ten-year timeframe also suggests a low, not in April, but in March, with a high coming in in the October timeframe. Now, we take a look at this ten-year seasonal cycle out here. You can see that September is typically flat. We're not flat here in September, but October, November are just horrible over a ten-year period of time. Now, let's expand that out. We go to a 15-year period of time. Well, the 15-year period of time suggests a low in March and a high in October. So, so far, we've gotten five, 10, and 15. They all suggest that WTI should move higher into at least October. Well, let's go beyond 15 years. Let's add 10 more. We get into a 25-year seasonal cycle. Now, the 25-year seasonal cycle says there should be a top today. Is there a top today? Do I see a top today? I don't see it in my chart patterns, but, you know, we'll pull some of those up for us to take a look at. So, I don't think that it's a, now it could be, but I don't think it's a 25-year seasonal cycle that's really driving the market for WTI. And then the last thing, I've got data that goes back 32 years. And then that 32-year seasonal cycle chart says we make a short-term top today, last for about a week, and then we move higher into the October time frame. So, what all of these seasonal charts are really communicating to you and I, Jacob, is to be careful as we get into that October time frame. Any questions so far about what I've shared? No, no. I think that's, I think that's great. And I'd not see any questions in the den either. You know, it's interesting because we've been speaking about it a lot and it seems like the Fed might not raise rates this month, but going forward, if we're continuing to see, you know, even really a top in October, you know, I'm not sure how well that bodes for the rates going forward, right? So, that's kind of the only thing I have to input on that. And we're not getting any questions in the den, but I mean, pretty fascinating stuff anyway. Yeah, so if I take a look now, if we go into the chart, so everything here is suggesting that LightSuite crude should at least move higher into October. So, when I take a look and we're in the November contract for LightSuite crude, this is a monthly time frame. And what folks, what do you see on my chart here? First, you'll see some dash lines. Those dash lines are market profiles. Those market profiles tell you and I where buyers and sellers are located. Now, there's also a center and the center line, which is $83.98 is where both buyers and sellers believe there's fair price with inside that profile range, which was from $73.62 up to $87.43. Now, the month is not over, but if we do close above $87.43, that will then be bullish because price will have broken out above where the sellers are located at $87.43. Now, we also have sellers that are located at $94.34 and that's this dark cloud cover candle. So, that is a resistance area. So, this suggests that what we should see is LightSuite crude get up into that $94.34 level. That's what the monthly chart tells us. How about the weekly chart? The weekly chart has actually formed an A to B equal CD to the upside. Now, those folks that are familiar with this pattern are also going to notice that the B to C retracement, I don't have the line drawn in here, but that B to C retracement is less than .382 or it's about 31%, 32%. That typically leads us to more than a 1 to 1 A to B equal CD to the upside, but the 1 to 1 on a weekly basis gets us up to 96.70 and we still have resistance at that 94.34 level. So, 94.34 is what I'm going to throw out to folks that you really need to keep an eye on because that is prior resistance out there. If I look at the daily chart, Jacob, the daily chart does not have any kind of a topping pattern. It shows us that prices above the top of its profile, 87.27, prices above its green, this little green, red squiggly line is referred to as an oscillator and change line. When prices above a green oscillator and change line, it tells us we have a rising price asset above zero. Those are bullish conditions. So, what we have here on the daily time frame, our bullish conditions on the weekly, they're bullish on the monthly, they're bullish. And here this suggests that we could see, not that we will, we need to let the bars play out, but we could see a TD9 top that takes place between Wednesday and Friday of this week. So, we could be seeing a short-term top. I'm not at all suggesting to people listening here that it's just a straight ride up to the 90-ish area out there. I'm not suggesting that at all, but conditions here are very bullish and very favorable, whether it's daily, weekly, or the monthly time frame. Here, when I take a look at WTI, this chart here takes a look at this is the weekly time frame chart. What these digits are showing us, Jacob, the black digits are consecutive closes higher. So, each week you have a higher close in the prior week, or the red digits are lower closes, the exact opposite of that. It turns out that on a weekly basis, WTI, especially when it gets going, and it is going right now, tends to move higher for six to seven consecutive weeks. And I've got the blue arrows drawn here, and we're only in week number four. So, again, this bodes well for a likely move higher into that middle of October type time frame. So, we're already in week number three, or this is going to be week number four. So, we're saying maybe two to three weeks out from now. Well, it turns out that gets us into that October time frame out here. So, the other thing that I'll throw out there, I didn't, you had mentioned rates, but I didn't take a look at WTI as a result of rates. But in essence, I've done that by take a look at the U.S. dollar index. And if we take a look at this, this is a correlation chart. This is a directional correlation chart. And the bottom panel here, when the bars are below zero, tells us we have an inverse relationship. When they're above zero, we have a direct correlation. The dollar moves higher, WTI moves higher out there. And basically, it's been a coin toss over the last, oh, for a 10-day average over the last couple of months out there. There's no coin toss when it comes to the energy sector and the XLE and WTI. You can see they are directly correlated with each other. So, basically, it looks like Lightspeed Cruda is going to continue to move higher out there. And I just simply wanted to share that with you and everybody else else listening. That was awesome, Steve. I mean, that was extremely informative. I really enjoyed that. I think everyone else did too. Perfect. Well, Steve, Jason, you're doing a great job. Thanks for the interview and absolutely enjoy the rest of the show. We're glad to have you back, Steve. Let's talk to you soon. Take care now. Okay, bye-bye. Folks, stay tuned. We will be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor for Side Fund Services, LLC. TFNN has launched the Tiger's Den. Hosted at Discord, TFNN has been educating traders for more than 20 years, with live programming hosted by a variety of professional traders during market hours. The Tiger's Den. Available to all tigers and tygruses for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. This program is brought to you by VistaGold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back, folks. So we just had Steve Rhodes on. He was given some pretty good insight and a potential move in LightSuite Crude. So, you know, any upward trajectory going forward is obviously going to increase CPI. Obviously, energy is left out of core CPI. So it'll be interesting to see where the Fed really moves from here on out. I still think they're going to have a hawkish stance going forward. I still think the labor market is pretty resilient. We are seeing wage decrease. I mean, people, households have seen, I think, an 8.8% decrease since, you know, the height of COVID times. And of course, that, you know, has a little bit to do with some of the stimulus that was being given out. But I also think there is some efforts to start depressing wages as well. They're meeting this week here. And like I said, we'll just have to wait to see what happens. Like I said, I don't think they're raising rates this month. And they've been pretty outwardly spoken about that. But yet inflation is still around. And we'll have to see what goes forward. And we'll see how the market really responds even to a high, just kind of like general CPI as opposed to a core CPI. So we were talking about the gold contract as well. It's at 1950-70, excuse me, 1953-70 currently. And one of the big drivers of this is China. And they're lifting temporary curbs on gold imports as the renminbi recovers. The spread between the Shanghai spot price in London hit a record 121 per troy ounce last week. China's central bank has lifted temporary curbs on gold imports that were imposed on some lenders in a bid to defend the renminbi but cause the price of the precious metal to rise in their country. The spread between the Shanghai gold price in London hit a record 121 per troy ounce last week, according to calculations based on public traded prices. The spread narrowed to 76 bucks on Monday after the People's Bank of China relaxed curbs on imports. The precious metal last week said people familiar with the informal order given to some state and mid-sized commercial banks. So yeah, they were lifted last Friday. And we'll see how that goes on. It's obviously was sending the price over in China pretty high. Some news for Lyft. Let's take a look at them. They're down 4% today. This is coming over from a charge the SEC had against them. They're having to pay 10 million dollars in civil penalty over disclosure failures. So Lyft agreed to pay 10 million to settle securities and exchange commission charges and it failed to disclose a board member's financial interest in a transaction involving the company. Prior to its public listing in March 2019, a Lyft board director arranged a sale of 424 million worth of private shares through a special purpose vehicle affiliated with the director. The SEC said in the statement, Lyft did not disclose the information of the SEC filings for 2019, said the regulators, who did not disclose the director's names and represented us for Lyft, which did not admit or deny the SEC allegations did not respond immediately. And over a year to date, this has been a pretty unimpressive stock. At least in my daily life, I don't know a lot of people who are still taking Ubers or Lyfts. Now, of course, that's just my kind of experience and we're map, but sometimes seeing what's going on in life is can be a pretty good indicator of what's going on with stock as well. And they're trading at 1084 right now. They seem to have a little consolidation pattern in between 10 and 12 and they're really flirting above it. Again, it's not a lot of volume coming up above the $12 mark. And it seems like the highest they've really reached this year is about 1277 or something around there. And again, that backed off with significant volume compared to what it usually trades at. So we are moving on from that one second, sorry, waiting for the computer to respond a little bit. Here we are finally. Okay. I talk about the cyber attacks consistently, right? And I have education in cybersecurity and networking and certification from CompTIA as well. And so this is why I feel like I like talking about it a lot and I do think it impacts the economy overall. And you think going forward there's going to be some good opportunities to invest in some cybersecurity firms. I still think that's probably a few years away, but getting it onto the radar I think is massive. And that's kind of my spiel for that. And this is about Clorox and how this really has real-world effects. We just saw MGM get hacked for quite a bit of money by a ransomware gang that does operate out of Western countries. And here we're seeing the supply chain getting attacked and also profit from a cyber attack that Clorox experienced in August. So an August cyber attack now contains led to an elevated level of consumer product availability issues at consumer brand's giant Clorox. So Clorox sure slumped lower Monday after the consumer brand's group set a recent cyber attack would trigger product shortages and take a bit out of its bottom line. And that's really saying something, right? I mean what an attack. Clorox said it identified a breach of its IT systems on August 14th and took immediate steps to shut down portions of its network and take some of its systems offline. And again this was August 14th. We're a month out from that. Now of course having a company disclose a breach as it's happening is not safe because other people will seek to try to exploit whatever weaknesses in the system. But still they did not really need to disclose this legally speaking. I'm sure they did for financial reasons and shareholder reasons. They took immediate steps to shut down portions of the network and then take some of the systems offline. That's sequestering. And as a result the group had revert to what is called manual ordering and processing procedures and that has led to elevated level of consumer product availability. So quite a hit for them. We'll take a look at their chart as well. We're down 238 today and after quite a big jump actually about 170 gap up on some significant volume. The downward directory today is not on an immense amount of volume by any means, especially since the last days with volume which actually were you know highs in their own respect especially on the yearly high you had about equal kind of volume when you had this break up just about to the 170 area. So again disclosing this and working to try to get it solved in my opinion if you're looking at it just from a traditional perspective is actually admirable. It's not good that they got hit and we don't exactly know why they got hit and what the vulnerability was. Was it something like a zero day that nobody knew about or was it laxed procedures? It's hard to tell without having the company kind of disclose those things but I do believe that it's nice that they put that out there and so that we all kind of understand especially if you're a shareholder of Clorox. One of the big big news stories and I saw this early on Saturday morning it was posted on one of the news websites I go on to. The IRS is actually planning to hire 3,700 auditors to crack down on wealthy tax dodgers and a few months ago I spoke about the really complex way that the extraordinarily wealthy can kind of hide some of their assets and avoid some of the taxes and that ends up hurting a lot of people. So here the federal agency issued a statement on Friday saying that it plans to fill positions at more than 250 locations nationwide. The next way of hiring will help the IRS add key talents like tax accounts and really I can talk a little bit more in the future about how some of these researchers are kind of guessing where they're hiding things and how they're essentially trying to find some of these hidden assets but it really is a massive cat and mouse game. Folks stay tuned for the short segment we'll be right back. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter Market Insights your key to successful active trading. Tom O'Brien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades. Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out market insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to tfnn.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to tfnn.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter Market Insights firsthand. tfnn educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns. Finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. tfnn.com. Educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at tfnn.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pesavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on Market Movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today, tfnn.com. Educating investors. The hot news last week was the ARM IPO. So that saw quite a surge. This is obviously a chip manufacturer. We saw quite a surge on it. It was a 25% increase at the IPO, which was the initial selling price of 51 a piece and that ended at $63.59. And today it has taken quite a substantial downturn. This is pretty quick for IPOs to do this. This does happen with IPOs, but it is very quick. There was a lot of discussion that maybe it was overvalued and that was happening before the IPO was released as well. It's coming out from SoftBank. So yeah, quite a substantial drop down. We're at 57.64 right now. Let me see here real quick. This is going to give me this, right? Okay, perfect. I'm just making sure because it was glitching last week and I want to make sure this is really, this is what this looks like when you only been trading for a few days. So yeah, we had a massive sell down getting all the way back to 55 right here. And then coming up all the way, we're at 57.64. It was down 4% pre-market. It does now have a price target of 46 by some larger institutional investors, but we'll wait to see how that pans out. There are obviously some issues with China as well as that Sino-American tech war kind of continues. And again, there's fears of potential overvaluation, but we'll see as the time goes forward and we really get to see into their financials as well. Some kind of cool news to wrap up the show. Agility Robotics, they're opening a humanoid robot factory. Obviously, Elon Musk had been wanting to open that up beforehand and he'd been sharing some, you know, potential concepts, some of his showings. This is called the Digit, the new factory, which Agility has dubbed the Robofab will produce up to 10,000 units a year and employ 500 people. Is that job security? If you keep making these, I don't know. Let's see. According to the COO, Andre Campbell, former Lee, Apple's CEO director of iPad Operations. That's some hot name right in there, folks. Thank you so much for joining me. I'll be with you just for the last news segment. And I believe Tom will be back tomorrow. Thank you so much.